Asset Cover Details for the Quarter ended on 31st December 2025.
MCCHRLS-B · price
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Mac Charles (India) Ltd has submitted its quarterly security cover certificate to BSE under SEBI LODR Regulation 54 for the quarter ended 31 December 2025. The company has listed zero-coupon, senior, secured, redeemable, rated non-conconvertible debentures (ISIN: INE435D07144) with an outstanding principal of ₹500 million and accrued redemption premium of ₹363.29 million, taking total NCD obligation to ₹863.29 million. Total assets offered as security stand at ₹17,742.70 million (book value) and ₹6,466.17 million (exclusive charge market value), against total liabilities of ₹12,348.86 million including ₹10,730.87 million in term loans and vehicle loans. The security cover ratio works out to 2.21x on book value and 7.49x on fair value, comfortably above the requirement. The auditor (Walker Chandiok & Co LLP) confirmed compliance with all financial and non-financial covenants under the Debenture Trust Deed.
This is a routine regulatory compliance filing confirming that Mac Charles India has comfortably met its security cover and covenant obligations for its listed NCDs. The LTV ratio of 13.35% is well within the 66.66% cap, and the guarantor's net worth of ₹40,869.77 million far exceeds the ₹10,000 million minimum. No material negative signal for shareholders — debenture holders remain well-secured.